2027 Public Finance Summer Analyst Program (United States)

Placement and Duration:

The Public Finance Summer Analyst Program is a 10-week program, including one week of classroom training. The program provides undergraduate students an opportunity to master the analytical, quantitative and interpersonal skills necessary to develop an exciting and rewarding career on Wall Street. Summer Analysts assume the functions of Full Time Analysts, servicing the Firm’s investment banking clients in the public sector and not-for-profit sector across the United States. Over the course of the summer, Summer Analysts are given an opportunity to explore multiple industry areas, including Public Sector (States, Cities and Local Governments), Transportation and Airports, Higher Education and Not-for-Profit Institutions, Healthcare, Affordable Housing, Public Power and Utilities. In addition, Summer Analysts will gain exposure across different products such as tax-exempt municipal bonds, taxable corporate bonds, and direct lending alternatives. In the United States, we have opportunities in the following cities: New York and San Francisco.

Training Program:

Summer Analysts begin with a one-day orientation where they are introduced to the Firm's businesses and learn what it's like to be an employee at Morgan Stanley. Public Finance Summer Analysts then attend divisional Sales & Trading training, where they learn the core skills required to be successful on the job, as well as Public Finance-specific training. The curriculum includes market updates, bond math, the fundamentals of tax-exempt municipal bonds and credit risk analysis. In addition, Summer Analysts have several opportunities to network with peers, mentors and managers through speaker events, teambuilding sessions, learning lunches, community service and social events.

Responsibilities:

Summer Analysts in Public Finance will collaborate with Full-time employees to develop the skills they will need to have a successful summer, including:
•Draft presentation materials, memos and responses to Requests for Proposals to generate new business.
•Develop cash flow financial models and credit models to support bond transactions.
•Shadow full-time employees as they communicate complex ideas and solutions with potential and existing clients.
•Support deal execution, including the preparation of investor presentation materials.

Applications will be reviewed on a rolling basis and we encourage you to apply as soon as you are ready. In order to be considered a complete application, students must submit an application and complete a HireVue (instructions emailed upon submission of application). Applications will close on Sunday, March 1 .

Qualifications/Skills/Requirements:

•You are pursuing an undergraduate degree with a graduation date of December 2027 or Spring 2028.
•You have a minimum GPA of 3.0 GPA.
•You have a compelling interest in and knowledge of the financial markets, specifically in municipals and public finance.
•You have an advanced knowledge of MS Excel (preferred).
•Strong work ethic, collaborative, ability to multi-task.
•Adaptable, versatile, and analytical.

Our Opportunities

Office Locations: New York and San Francisco

Expected base pay rate for the role will be $52.89 per hour at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).